In a recent report, UBS, led by analyst Joshua Chan, has adjusted its price target for Gartner (IT, Financial). The financial services company has lowered the price target from $500.00 to $480.00, representing a 4.00% decrease.
Despite the reduction in the price target, UBS maintains its "Buy" rating on Gartner (IT, Financial), indicating a continued positive outlook for the stock. The adjustment is a part of regular evaluations conducted by UBS to align market expectations with Gartner's current performance and future outlook.
The price target adjustment reflects the dynamic nature of market analysis, considering both external market conditions and company-specific factors. Investors in Gartner (IT, Financial) can look to UBS's analysis as a continued endorsement of the stock's potential, despite the moderated price expectations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Gartner Inc (IT, Financial) is $482.82 with a high estimate of $540.00 and a low estimate of $400.00. The average target implies an upside of 32.24% from the current price of $365.11. More detailed estimate data can be found on the Gartner Inc (IT) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Gartner Inc's (IT, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Gartner Inc (IT, Financial) in one year is $468.12, suggesting a upside of 28.22% from the current price of $365.105. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Gartner Inc (IT) Summary page.
